The BIS has expanded the details that it publishes about banks' balance sheet linkages with nonbank counterparties. These additional details show that banks have increasingly large positions vis-à-vis the non-bank financial sector. Their exposures to non-financial counterparties are highly...

The claims of international banks held up well during the COVID-19 crisis, although economic output fell by even more than during the Great Financial Crisis (GFC). Both cross-border and local claims were resilient, in advanced and emerging market economies alike. Looking at lending to the real...